Aufever
Right, since the early 2000 s gold had a support line that moved up with the higher lows higher highs for years. You could pretty much buy every time a pull back landed on that line without worrying what the Fed or politicians were doing. But in 08 all that changed. Actually it’s started a bit before the crash.
silverngold
I know what you are saying. But someone might want to sell one sometime, out of necessity or for something they want. Holders of gold have been cheated for as long as i can remember and, no doubt, much longer than that.
They should have been a good investment all these years, not just protection against financial calamity. Which, by the way, they weren’t in 2008.
SNG
BTW Someone I know that doesn’t post but has the link said is that why they got their own site so they can lord over everybody else and said much more about only hearing what they want to hear or your not worth while in short and ending in pretty soon they’ll be nothing left but clones of themselves.
Actually that’s not how it started. They left Gold Eagle for that same reason but that’s how people are seeing it here now.
Sng
Lol Yeah all true but you can have hobbies. I never thought it would turn into a Game of Thrones though.
Buygold
That’s good I’ve been busy so haven’t been watching my stocks.
Much pressure on Powell to lower rates this month and I don’t think he wants to and as far as the economy he’s right. Now I hear a congressional meeting on Powell. Where was the frigging congressional meetings when he was buying mortgage backed securities and keeping interest rates down perpetually and wall street buying up one in 4 houses trying for more like they were stocks with it.
Before I go into a rant preaching to the choir and with all the pressure on Powell it’s not clear but maybe shorts are reading for a temp sell on metals with the Fed decision or some other reason going on and going to war with them. Because it’s getting closer to September where a higher number of people will think he will cut rates it might not make as much as a temporary impact this time but could only guess. And even if he does, by how much?
Why all the crying?????????????
I just checked my stash and have not lost a single coin, round, or bar in this PM takedown!
All they are doing is rolling the S&G pig in the mud to make it the ugliest and last possible thought or choice so only an absolute idiot would think to go there for the safest form(s) of wealth over the past 5000+ years.
Instead, take a look at all those shiny Bitcoins! You can fill your pockets, your house, and your PC with them and never gain even an ounce of weight, but when the lights go out you may have a difficult time locating them in the dark, or finding someone/anyone who is willing to sell you a burger today for your Bitcoin tomorrow…. unless you’re willing to “bend over” too! Just Saying!
This time, IMO, it’s not about making a killing with the PM shares. Derivatives have killed that! It’s about surviving what’s coming with the real thing “in hand”!
That’s SilvernGold!
drb2, Goldie
Just living long enough to see it. 🙂
Goldie – that storm is coming no doubt, but not today. Tech is ripping higher again. Perpetual short squeezes in NVDA, TSLA & NFLX to name a few.
SLV trying to hold $26.50 – surprising.
Buygold 10:22
Infrastructure isn’t that hot right now in metals in the US. The banks can just hope Powell doesn’t change his mind and print or drop rates just yet. What ever else I don’t have time to figure out. If so maybe gold will hold up better percentage wise, maybe but the new mantra finally is don’t take a loss.
Mike Pinto, a storm is coming.Running on empty.
BG – thanks that info
It boggles my mind that the bankers have been able to con the investment world for as long as they have with their out-of-thin-air products like fiat and derivatives. All it would take is a couple of the big players to demand delivery.
I’m confident that one day it will happen. The trick may be living long enough to see it, ha-ha
drb2
Generally in the past when we’ve seen heavy long contracts by the funds and short buying by the commercial banks, the price has gone down, most often in a big way.
Captain Hook knows a lot more than I do about the mechanics and open interest of the Crimex.
I would say the short position of the commercial banks may be as high as I’ve ever seen it. He’d know more.
Could also be some hedges by the miners, but not in that size.
@ Buygold RE: your “Wow” post
Hi BG,
if you have time could you expand upon your WOW comment.
I’m not sure if it’s a ‘good’ WOW… or a ‘bad’ WOW.
but then again, with PMs my mood changes daily 🙂
thanks
Wow. Just wow. Gold
Fortunate for the Republicans
that the probable Democratic candidate is a certified moron.
Artemis Gold
Blackwater Project – Removal of Non-Essential Personnel – Wildfire Response
Maddog @ 8:34
Round up the usual suspects! In reality nothing is likely to come of it … unless there is some unexpected development.
BLUE LAKE Cu Ni Pt Pd CLAIMS EXPANDED
https://ceo.ca/@newswire/blue-lake-cu-ni-pt-pd-claims-expanded
Elemental Altus Royalties to Acquire Strategic Tungsten Royalties
https://ceo.ca/@newsfile/elemental-altus-royalties-to-acquire-strategic-tungsten
Cascadia Steps Out 315 m at Catch and Intersects 106 m of Porphyry Mineralization Grading 0.37% Copper and 0.22 g/t Gold (0.52% CuEq)
https://ceo.ca/@newswire/cascadia-steps-out-315-m-at-catch-and-intersects-106
Juggernaut Commences Drilling on 600 Meters by 350 Meters Bingo Main Zone – Contains up to 31.20 gpt Gold, 8.98 % Copper and 0.58 % Cobalt – Remains Wide Open – Bingo Property, Golden Triangle, B.C.
https://ceo.ca/@thenewswire/juggernaut-commences-drilling-on-600-meters-by-350
Founders Metals Expands Froyo by 150 m with 46.0 m of 5.31 g/t Au
https://ceo.ca/@newsfile/founders-metals-expands-froyo-by-150-m-with-460-m
AbraSilver Announces Initial Drill Results from Phase IV Exploration Program at the Diablillos Silver-Gold Project; Intersects 33 Metres Grading 245 g/t Silver
https://ceo.ca/@thenewswire/abrasilver-announces-initial-drill-results-from-phase-a2f9c
Goliath Intercepts 4 Zones Totaling 105 Meters Containing Abundant Visible Gold, Galena, Sphalerite, Molybdenite, Bismuth In Breccia, Stockwork And Porphyritic Intrusive Dyke – Remains Wide Open – Surebet, Golden Triangle B.C.
https://ceo.ca/@globenewswire/goliath-intercepts-4-zones-totaling-105-meters-containing
Grande Portage Resources Files on SEDAR+ the Mineral Resource Estimate for the Herbert Gold project Detailing Indicated Resources of 1,438,500 Ounces at 9.47gpt Gold and Inferred Resources of 515,700 Ounces at 8.85gpt Gold
https://ceo.ca/@accesswire/grande-portage-resources-files-on-sedar-the-mineral
OceanaGold Announces Share Buyback Program
https://ceo.ca/@newswire/oceanagold-announces-share-buyback-program
Xali Gold Enters Agreement for Mining in Historic Underground Workings, Exploration and Reducing Debt at El Oro Mexico
https://ceo.ca/@globenewswire/xali-gold-enters-agreement-for-mining-in-historic-underground
Meridian Reports Multiple Zones of Mineralization Including 13.4m @ 4.6g/t AuEq at Cabaçal
https://ceo.ca/@accesswire/meridian-reports-multiple-zones-of-mineralization-including
Gold Royalty Reports Strong Second Quarter Revenue
https://ceo.ca/@newswire/gold-royalty-reports-strong-second-quarter-revenue
Solaris Reports In-Pit Mineral Resources Including Higher Grade Mineralization; Over 30,000m Drilling in H2/24 Targeting Open Extensions and Infill to Upgrade Resources; Concurrent District Exploration for Epithermal Gold/Silver and Porphyry Copper Discoveries
https://ceo.ca/@globenewswire/solaris-reports-in-pit-mineral-resources-including
Arras Minerals Initiates Heli-TEMGeophysical Survey of Its Maisor and Aktasty Mineral Licenses, Kazakhstan
https://ceo.ca/@accesswire/arras-minerals-initiates-heli-temgeophysical-survey
Tudor Gold Submits Application to B.C. Government to Protect Treaty Creek Mineral Tenures
https://ceo.ca/@newsfile/tudor-gold-submits-application-to-bc-government-to
Freegold Intersects 4.63 g/t Au over 65.9 Metres at Golden Summit
https://ceo.ca/@newswire/freegold-intersects-463-gt-au-over-659-metres-at
Trident Maiden Ore Reserve underpins new low-cost development
https://ceo.ca/@newswire/trident-maiden-ore-reserve-underpins-new-low-cost-development
First Nordic Announces Exploration Program Underway on Gold Line Belt Projects in Sweden
https://ceo.ca/@newswire/first-nordic-announces-exploration-program-underway
Sienna Significantly Increases Acreage of Stonesthrow Gold Project in Saskatchewan Bordering Ramp Metals Inc.
https://ceo.ca/@newsfile/sienna-significantly-increases-acreage-of-stonesthrow-1aaa0
Besra Gold Announces: Jugan Pilot Plant Equipment En Route
https://ceo.ca/@newsfile/besra-gold-announces-jugan-pilot-plant-equipment-en
Karora Shareholders Approve Transaction with Westgold; FIRB Approval Received
https://ceo.ca/@newswire/karora-shareholders-approve-transaction-with-westgold
Lion One Announces Upsize of Brokered Private Placement to $10 Million
https://ceo.ca/@globenewswire/lion-one-announces-upsize-of-brokered-private-placement
Drilling Commences at Arau Project, Papua New Guinea
Regency Silver Announces $2.5M Unit Financing to Fund Next Drill Program at Dios Padre
ipsofacto
That catch of yr regarding a huge short on DJT….says it was a ‘known’ hit……it now just remains to find out just who ‘knew’
SLV breaking support premarket
$26.50 being taken out in the premarket. Hopefully it reverses from here. The dollar is down and rates are down. That gives me a little hope. Shares down as well, no surprise they’d follow the metals. Hoping all this reverses.
Seems we are at a precipice with both sides digging in. All moves in the past have been down. We’ll see about this time.
NEM earnings on Wednesday after the bell to kick things off.